How to start investing in Bitcoin in Nigeria

 

Almost everyone have somehow heard of Bitcoin. Most people usually heard about it in passing but don’t know what it is. For some others, their question is if it is legal and how can they start, while for some others the question is what can they do with Bitcoin. In this article we will look at how to invest and make money from Bitcoin in Nigeria.

What is Bitcoin?

Bitcoin is simply digital money, meaning that unlike Naira or US Dollar that makes use of paper, Bitcoin is completely paperless. It was created with the intention of making it easier to move money from country to country, some even call it borderless money. Bitcoin, unlike regular currency (fiat), is not controlled by any single individual, organisation or government rather is controlled by Bitcoin users around the world.

Is Bitcoin Legal?

As to whether it is legal, in some countries it has been tagged as illegal although it is difficult to restrict people from using bitcoin. However, in Nigeria, there are no laws/policies against the use of cryptocurrencies. Bitcoin in Nigeria is 100% legal

What you can do with Bitcoin

Regarding what can you do with Bitcoin in Nigeria, a couple use cases are: using it as an investment vehicle to diversify your assets; trading by making gains off the price fluctuation just like forex trading. Bitcoin can also be used to transfer money across borders faster and cheaper.

How to invest in Bitcoin in Nigeria

On how to start investing in Bitcoin, it’s pretty easy. A couple years ago the reverse was the case but with platforms like Binance, investing in Bitcoin from Nigeria is seamless. Binance is the largest crypto exchange in the world with over 13 million users around the world.

You can start investing in Bitcoin with as low as N50 and can fund your account with either your debit or via bank transfer. All you need to do is Create an Account, Deposit Naira into your Wallet and then Buy Bitcoin.

Note: Due to CBN regulations, deposit via debit card is no temporary suspended, you can deposit and withdraw via P2P section of Binance, it is easy and fast. Once you sign up and verify your account, just go to the P2P section.

Follow these steps to invest in Bitcoin in Nigeria using Binance:

1. Creating an Account

Go to Binance.com and you will immediately see a signup form

Fill in your details, submit and verify your email via the link sent to your email

Go to ‘My Account’ and click on verify your identity

2. Depositing Naira in your wallet

Click on “Wallets”  in the website menu.

Then click on “Deposit.” On the next screen click on “Deposit Fiat”

Select naira from the currency Menu

You can choose the method you want to deposit. A debit card or bank transfer

Click on Continue

Enter the details of how much you want to deposit and click on ‘Pay’ or ‘Submit’ if you selected bank deposit.

For card payment enter your card details and click Pay. If you selected bank deposit make a transfer to the account details, ensure to include the ‘Deposit Reference Code’ in the transfer summary.

Once done your Binance account will be credited with the value you deposited.

Note: Due to CBN policy, use the below method to deposit naira

Depositing Naira in your wallet via P2P

Click on “Wallet” on the website menu and select “P2P”

Now you click on “P2P Trading”

On the next page, ensure you select “Buy”, in the fiat box, select “NGN” which is an abbreviation of Naira. You will get a warning of the risk, accept.

You will see different offers, select convenient offers with high completion rate.

Input the amount of Naira (NGN) you want to deposit.

Now, you will be taken to the completion page. You will see the account number of the trader. Make the payment to the account number using bank transfer.

Once you have made payment, click on Transferred, next.

As soon as the trader confirms the payment, the money will be deposited in the account.

Note: You will see the number of the trader right there, you can call them. Also know that for your safety, the trader account in Binance is frozen until trade is completed

3. Buying Bitcoin

Once your wallet is funded click on “Wallet” and then Fiat and Spot” in the menu

When the page loads Click on “Buy” beside bitcoin

In amount to spend, enter the amount you want to buy. Example: If you want to buy N5,000 worth of BTC, type 5,000 in the field.

Alternatively, you can switch to “amount to buy” using the double arrows to the right of that field. In this case, type in the amount of the asset you want to buy. Example: If you want to buy 0.5 BTC, type 0.5 in that field.

Confirm all the details.

Click “Buy”

You can check if you have been credited, by clicking on ‘Wallets’ in the menu.

Note: You can also use the P2P method to buy bitcoin directly

Automatically trade bitcoin and other cryptos very easily

If you do not have the time or you are not very knowledgeable to trade Bitcoin or any other cryptocurrency, the good news is that you can use a crypto trading bot. The trading bot will trade for you and make money for you even while you sleep.

The bots use different signals to trade. The best crypto trading bot is Cryptohopper.

First, you need to open a Binance account. Then follow the instruction above to deposit funds into your finance account. Once you have done that, sign up for a cryptohopper account. Then connect it to your Binance account. Set everything up.

That is all. The bots will automatically trade for you.

 

How To Make Money Online (Complete Guide)

We have dedicated this page to help you learn how to make money online. It is very important, because the world has changed. Everything now revolves around the internet. As a result of this, there are so many opportunities to make money online. So, if you want to learn how to make money online, stay in touch with this page because we will be adding more content regularly!

You can make  money online in the following ways:

1. Blogging 

If you are looking at how to make money online, then blogging is one of the most reliable ways. The amazing thing about blogging is that, you can be blogging about what you love, build audience, become expert in your field and make money even while you sleep!

Anyone can be a blogger! It doesn’t matter if you are young or old. It does not matter your area of focus. The internet is without border, you can reach any part of the world with your blog. Whatever you write about, you will find an audience for it.

Becoming a blogger is very easy. All you need is open a blog, write about topics you are good and passionate about. It is important to focus what you are good at. Connect your blog to social media like facebook, twitter and linkedin, share your contents there and you will get visitors. Keep building visitors and good content.

 

As you keep blogging, more and more people will get to notice and follow your blog. The bigger the audience you build, the bigger the potentials! So in summary, blogging is about connecting contents with people who needs it. Let your readers trust you. Research your content before publishing. If your readers trust you, they will keep coming and telling their friends about your blog.

Once you have had enough contents and many people reading your blog. You can look for reliable ways to make money from it. One of the most popular ways to make money from blogging is Google adsense.

Google adsense acts like a middle man for bloggers. They get adverts from many companies around the world. Then they show these adverts (ads) on various blogs. And pay each blogger depending on how many views, clicks or engagement the adverts generate on the blog. All you need is to go to google adsense and apply, if your blog is accepted, they will start displaying adverts on it. Then you can start making money even while you sleep.

Here is a famous photo of a blogger who received Adsense Check for $132,994.97 back in 2005!

Google Adsense check

This photo has inspired many bloggers. From then, till now, a lot has changed. People make far more these days. And you can receive your money straight into your bank account.

You can also make money from your blog through affiliate marketing. It is about referring your readers to products or services and if they buy, you get a commission. We will touch that along the way. Keep reading.

Sponsored posts is another way you can make money from your blog. Companies and different entities will want to put a post on your blog to reach your readers. They will mostly write the content, send to you and offer to pay you money to publish it. You can charger from $100 per post to over $1000 per post depending on how relevant your blog is.

Also, you will also get companies, individuals and even government organizations who wants to place direct advert on your blog. From there you negotiate a price with them and if you reach agreement, you make a deal. You can make from $200 to over $10000 from just one direct ads depending on the relevant of your blog and the advertiser.

One more way to make money from your blog is to develop your own product and sale on your blog.  You can write a book or an ebook, or any product that is related to what you write about. Then you sell it on your blog. A lot of bloggers are beginning to embrace this, because it puts them in control. They get 100% of everything!

If you are ready to start a blog, and wondering how to, we have got you covered. It will not take more than 20 minutes to start! Read this article: How to create a blog in less than 20 minutes

Blogging is definitely among the best options for how to make money online for beginners.

2. Freelancing

This one of the most underrated ways to make make money online. If you enjoy writing, or you love graphic design, editing, reading, browsing Facebook, posting on Instagram and so on. You can make money with those skills! There is no way you should be worried about how to make money online because you have the answer already, become a freelancer!

There are people all over the world looking for writers, graphic designers. Looking for people to proof-read their works, people to manage Facebook page. People to post on their Instagram account and so on! So why not put yourself out there and make some money?

The beauty of freelancing online is that you can even be on your bed, as long as you have your computer with you, you are working and making money. And you can be in your room and work for people in different part of the world! Freelancing is an international business.

I was shocked the other day while browsing through upwork and I saw a PhD holder doing freelance work. As at that point, she has earned over $100, 000 writing articles! You will also see people who have no educational background beyond reading and writing but skilled at graphic designs or other aspect making over $10, 000 a month doing freelance work online. There is no barrier as long as you are good at what you do.

A freelancer

You can freelance from the comfort of your home and make money

First thing you should do is pick what you are good at! Doing what you are good is important. Then take every job serious, so you gain good reviews. Negative reviews are bad. When you do a good job, you get good reviews, and with Good reviews, more employers will sort for you and you can charge more per task or per hour. So, if you are skilled in anyway and looking for how to make money online, consider this option!

You can find freelance work from the following webistes: Upwork, fiverr, Freelancer and more.

We have some tips for you if you are planning to go into freelancing. Read: How to make money as a freelancer online

If you are looking at how to make money online fast and how to make money online without any investment, then this is for you. All you need is your skill and there are opportunities across the web.

3. Affiliate marketing

When it comes to how to make money online, affiliate marketing is up there. Affiliate marketing has the ability to make you good  money, I mean big money. Affiliate marketing is simply about referring people to products and services, you get paid a commission if someone buys  or sign up through you. As simple as that.

The process is, you look for an affiliate network, sign up with them. Search for products or services that your friend or audience will like, then get a link and share it with your audience. If any of your audience ever click on the link and buys, you get a commission. Depending on what you choose to promote, commission could rise from, $20 to over $10, 000 per sale or sign up.

Affiliate marketing model

This is the model of Ebay partner network and basically how all affiliate network, works..

This is very good for bloggers. Because it gives you the opportunity to make money from your blog. Let’s assume your blog is about finance, you simply look for affiliate that relates to finance, promote it on your blog and posts, as your readers click on it and buy or sign up, you get paid! Make sure you only promote services and products that relates to your niche and will be beneficial for your readers. As a matter of fact, most bloggers use affiliate marketing as their primary method of making money from their blog ahead of Google adsense and the rest. This is very good and productive if your blog is in a good niche. There are niche that affiliate marketing might not necessarily thrive, niche like gossips, news.

If you have a big facebook page, twitter profile or Instagram page. You can sign up with an affiliate network, look for products that your followers will like and share on your page. As they buy or sign up, you get a commission. People do this for a living! Yes, I mean, people combine their love for social media with affiliate marketing to make good money. If you spend so much time on facebook, twitter, Instagram and the rest, why not consider making money from there too with affiliate marketing?

It does not matter what country you are, you can create a blog or social media page targeting a particular country and provide quality content on your chosen niche, then monetize it with affiliate links.

Why not head straight to popular affiliate networks to sign up and make money? They include: Comission junction, Linkshare, Amazon Affiliate network, Impact Radius, Ebay Partner network, Share a sale, Konga Affiliate, Jumia affiliate and others.

If you need further reading, we have an advice for you: How to make money through affiliate marketing

If you are looking at how to make money online free or how to make money online without paying anything then affiliate marketing is for you. But you have to be ready to work hard though.

4. Digital marketing

This is one area that has not been fully utilized by people to make money online. Digital marketing is simply online marketing. It involves the use of blogs, social media, search engines and every available internet tools to promote a business online. That is it, as easy as that!

 

If you are so serious about how to make money online then consider giving this a try, especially if you are in an environment where businesses don’t build their presence on the internet. All you need to do is develop a digital marketing plan, approach small businesses and big businesses around you, offer to create awareness for their brand online and bring in more customers for a fee or commission. Depending on what works for you.

Digital marketing

You can make money as a digital marketer online from the comfort of your home

Handling digital marketing for business should be in steps. First if the business has no presence on the internet, build a website for them. Follow same steps you create a blog. If it already has, work on search engine optimization(SEO) to make the website more visible when people search for relevant keyword of the business. Then build social media pages on Facebook, twitter, Linkedin and other relevant social medias. Do some content marketing. Content marketing is writing targeted contents to boost the image of a business. Don’t forget email marketing. Create email marketing account for the business, where they can contact their customers, you get customer’s email automatically to the email list from website as they visit. Invest in optimized ads.

Read more, learn more and grow as a digital marketer.

If you are looking at how to make money online as a marketer then this is for you.

You can read our guide: How to promote your business and find customers online free

5. Buying and selling websites or domain names

Buying and selling websites or domain names is another popular way to make money online. If you have ever tried to register a website, you will realize that nearly all the names are taken. If you check, most of those names are not yet developed into a website, they have been bought and parked by individual for sale. These people are known as domain brokers.

They think of ideas and keywords for websites that companies or wealthy individuals will need someday, they register these domain names. And sell it later for big money to the companies.

It really works because they make lots of money from it! In 2010, Carinsurance.com was sold for $49.7 million! in 2007 VacationRentals.com was sold for $35 million!

While these kind of big money is a one off, if you are good with predicting future trends, you can hit it this big! New inventions are coming, if you can see it before others, register a domain name for it! New industries will spring up, like bitcoin did, if you can forecast it, register a domain name for it. And when they become a hit, you never know how much you can sell it!

You can register domain names at NameCheap.com

Here is a list of the highest selling domains according to wikipedia.

Most expensive domains

You can also buy websites and sell them. This one requires good knowledge of what people want out there. All you need is go to Flippa.com, look for websites with potentials and low bidding or low buy it now. Buy them and resell them on same Flippa for a bigger money. People actually do this as full time job and are making money everyday flipping domains!

If you are looking for how to make money online flipping domains, this one is for you.

6. Video blogging on YouTube

This has to be among the best ways to make money online. If you fancy the camera, love talking, love the idea of being famous, not scared of so many people knowing about you  then you should not worry about how to make money online, get on Youtube!

All you need is to find a niche, an idea and make videos on them. You can decide to focus on make-up, football, movies, gossips, tutorials, politics, pets or anything at all you love! Just build an audience.

You can even upload music and videos that you have right to. Make compilation videos, comedy skits or anything at all that meets YouTube standard and upload! Understand your views. As more people watch your videos you stand a chance to make a fortune! This is a big industry and tens of thousands of people do this as full time job for a living and they are making big money!  Do you see those short videos you watch on YouTube and laugh uncontrollably? The owner of the YouTube channel is probably making thousands of dollars every month from it. You too can do it!

Video blogging

Video blogging on YouTube is a good way to make money online

People love videos! Humans love what they can see. These days, I like to think people watch more youtube than they watch traditional TV! With the Youtube Creator program you can learn, grow and make money.  You can make money from your Youtube Channel via Google adsense. Just integrate Google adsense with your channels and when people watch your videos, they will see ads. You can expect about $2 for every 1000 views. Now imagine having 2 million views on a video which is very easy when you become a guru! Checkout YouTube official guide: Learn how you can make money from Youtube from the official Google Youtube guide 

You can also make  money from your Youtube channel by advertising products that relates to your niche. Selling products yourself or even taking direct adverts!

Last year, Daniel Middleton made about $16.5m from his Youtube channel. This was very surprising because the year before, he was no where to be found on the top 10 earners!

This is definitely for you, if you are looking at how to make money online with videos.

If you want to really learn how to make money on YouTube, I recommend reading How to make money on YouTube (Complete Guide)

7. Become a Facebook partner.

If you do not know, you can actually become a Facebook partner and make good money from Facebook every month! Yes, understanding how to make money online with facebook is as easy as becoming their partner and providing contents. Facebook has a program called Facebook Audience Network Partner Program. 

If you are a video creator, a blogger or app devloper, facebook is willing to partner with you and create a mutually beneficial relationship where you make money from your Videos, articles and more while adding value to facebook.

The potentials of this is huge! Facebook is the biggest social network in the world with over 2 billion users! Imagine a partnership with them.

To apply for Facebook Audience Network Partner Program go here

If you are looking at how to make money online with Facebook, then  go for this

8. Sell online course

If you are very experienced or expert at a particular subject or skill, you can create a course online and sell it. You will make good money! There are so many people on the internet looking to learn new skills.

Whatever you are good at, whatever skills you master, you can teach people about it online and make good money.

A good course that you sell can earn you over $20, 000. That is when it is of top quality and people find it beneficial.

As you develop more courses and sell, you become a brand, and you may even get invited to different countries for training. It all begins with selling a course online!

To sell a course, go to Teachebale.com Udemy.com or Skillshare.com

Teachable statistics

Teacheable reports that over $100 million has been earned by instructors on its platform

If you are looking at how to make money online selling courses, this is for you.

9. Drop Shipping

Silently and gradually drop shipping is becoming the biggest way to make good money online. Drop shipping is easy and straight forward. You can make money even while you sleep. If you are really serious about how to make money online and ready to put in some work to establish something big with potential of massive returns, then this is it.

In drop shipping all you have to do is open an online store, go to big manufactures and suppliers such as Ali-express, Ebay and copy their products and items and put on your online shop. Promote your online shop for people to see. Once someone comes to your store and orders for the product, the item is shipped to them from the supplier and you get paid. As easy as that

If you open your online store with shopify, you will have the privileged to automatically copy products from Aliexpress, ebay and others into your store.

If you dont know how to create an online store, you will find this article very helpful: How to create online shop very easily with shopify

It has been reported that up to 30% of products sold online in 2017 was through drop-shipping.

Shopify dropshipping

Platform like shopify gives you the opportunity to excel as a drop shipper

Try this if you are looking for how o make money online daily, but first it will take lots of work to build the foundation to help you stabilize.

10. Completing Surveys

If you are looking for lazy way of how to make money online then this one is for you. All you have to do is answer few questions and earn money, recharge cards or gift items.

Research community use online survey to gather information to better their product. Research is very important for companies so they can know how best to channel and develop their product, that is why they pay people to get their opinion.

The money you will make here will be for past time. It is also possible to make good money as we have read some reviews. Anything is always possible.

The major obstacle is that, most online survey sites is restricted by countries.

For example, if you are in Africa, your best bet will be Ysense and SwitchedOn

PaidViewPoint is another option. They really pay! And you also get to refer friends and earn $25 when they withdraw. They are available worldwide.

Toluna is another popular and dependable online survey website you should try. They have many users and big clients. They are available almost in every country.

SurveySavvy is also a very renowned online survey website that actually pays. It is available world wide

PointsPrizes.com is a good option too. It is available to every country not just USA and top wealthy countries alone. With PointsPrizes, you can join and make money from anywhere in the world. Founded in 2016, they have over 1 million users. Apart from surveys, you can also make money watching videos and doing daily poll. Once you gathered enough points, you can decide to redeem cash or via bitcoin or gift cards.

List of Survey websites that accepts most worldwide participant include: Swagbucks, Global Test market, PrizeRebel.

If you are looking at how to make money online free then this one is surely for you but it may not make you rich, you never know though.

11. Online Trading

Warning: Please note that this is a very risky venture. You can lose all your capital. You may put in money and gain immediately and try again and lose it all. There is no guarantee, so proceed with caution.

Online trading is one of the long-standing ways of making money online. It has the capacity to turn out big returns if you are good at it but it is high risk. This is only for people who are not afraid of risk and who are using spare money to trade.

This involves trading online from Forex to Bitcoin and all forms of trading.

When it comes to online market trading, the number one choice is Deriv. One of the reasons it is preferred is because it has a copy trader, which allows you to see and copy the trading pattern of top successful traders. Another reason Etoro.com is preferred is because there are over 4.5 million users worldwide. That is a signal of strength.

This is for you if you are looking at how to make money online trading.

12. Social media

If you are a social media regular and you are wondering how to make money online, the solution is right there in front of you. Beyond posting, commenting and having fun on social media,  do you also know you can make money from Facebook, Instagram, Twitter, WhatsApp and the rest? While it is possible to make money directly on platform like Facebook through the Facebook Audience Network, it is also possible for you to make money from all social media through a carefully planned strategy.

For you to make money from social media. You need to have a strategy. It requires commitment and consistency. People are making good money from social media. There are two things you need, you need to build good follower-ship on social media and you need to be active in groups (pages) that relates to your area of interest.

Social media 

You can make money online from social media

You need to pick a niche that you will focus on your social media  and join groups and pages that relates to that niche. It could be fashion, gaming, cars and anything at all. But have a primary topic so people know you for this and brand can approach you directly, you never know.

Next step will involve deciding how you want to proceed to make money from social media accounts. There are many options for you.

Short-links: This one of the most dependable ways to make money on social media especially of you have many followers. This method is pretty easy! All you need to do is look for a link or story you want to share on your social media, go to one of the URL shorteners, put this link there and shorten it. Then copy the shorten link and share on social media. As people click on the link you make money. Let me explain, let’s say you see a news story on CNN website you want to share or a good fashion product or a link to breaking news, it could be anything , just go to the url shortener website, shorten the link, copy the shorten one and share. When people click to see the news or whatever you are sharing, you make money. Those news you read from social media, people are probably making money from it! You have to register with the companies that provides these services. Here are the best picks and you can click on them to go register and make money from social media: Ouo, LinkShrink, Adf, Shortest.

Affiliate Marketing: You can post products or services of companies that relates to your niche on your social media profiles and get paid each time someone makes a purchase through your link. If you are looking at how to make money online in a big way, this one has that potential depending on what product or services you promote. Some offer big commissions. You can find those companies easily via Affiliate networks like Cj.com, linkshare.com and more. Remember to read our guide on affiliate marketing.

Sell your product: You can choose to sell your own products if you have any. Market them on social media pages. If you do not have products, you can create an online shop, copy products from big suppliers and put in your online shop. Then post these products on your social media, whenever anyone orders, the supplier will ship to the buyer and you get paid. Don’t forget to read our guide how to create online shop easily with shopify.

Partner with brands: You can always approach brands for sponsorship or to place direct ads on your social media pages. Websites like Tapinfluence will give you opportunity to partner with brands.

Sell your social media accounts: You can decide to sell your social media accounts and make money. People do this a lot. Website like Viral Accounts will help you sell your accounts.

Certainly this one is for you if you are looking at how to make money online with your social media accounts.

13. Sell books/ebook online

If you love writing and you are searching for how to make money online, well, it is time you look at your writing skills again. You can make big money creating and selling ebook online! Ebooks are electronic books which can be read on computer and handheld devices. You can also decide to publish traditional books.

If you are confident of yourself and you have great story to tell, great concept to share or anything to add value, it might be time to create that ebook/book online and make money.

There are many success stories of those who have made it. One of them is a 26-years old who made millions of dollars from a single ebook.  She was living in poverty and struggling to survive until one day she set up a store in Amazon and decided to start writing. And she used her social media profiles and word of mouth to market the book. It turned out good, she was shocked by the outcome. Millions of dollars. You can read her story here.

To sell ebook online, you need to have a good idea, then publish and market them. You can use your social media pages and word of mouth to do the marketing. If you have a few penny to spare, run some Facebook or Google adsense ad.

Here are list of places you can publish your Ebook/books online and make money: Amazon Kindle, Lulu, CreateSpace and others.

 

14. Build websites

You can build websites for business and make money. A lot of business do not have online presence. You can offer to build them website for money. Thanks to technology, you do not need to know about coding to build website. Just to go ThemeForest, buy a theme, upload it on WordPress and customize it. You can even register a lifetime membership of MyThemeShop and have access to many themes you can use to build websites.

15. Teach your native language and any langue you are excellent at

If you are looking at how to make money online and you can speak your native language and any other language fluently, then you can make money online from that. You should also have a passion to teach and impact. Thanks to the internet, there are millions of people out there interested in learning different language. You can teach them and make money! Very easy!

Teaching online

You can teach online and make money

If you are interested, go to italki and register, teach and start earning. There are over 3 million people there waiting to learn.

16. Buy and sell Bitcoin on Quidax

Quidax is a platform that makes it easy for people to make money from Bitcoin and other cryptocurrency. The truth is that Bitcoin and other leading one of the best ways to make money online.

When Bitcoin suddenly became very popular, a lot of people were expecting it to phase out but after many years, Bitcoin is still doing very good. Many countries are now accepting Bitcoin. A lot of merchants and shops are accepting Bitcoin as a form of payment.

This can only mean that an investment in Bitcoin has the potential to make you reach. But the problem might be understanding how to trade and make money from it. That is where platforms like Quidax come in. All you have to do is Sign up with Quidax and you are on your way trading and making money.

You an read more on this: How to start investing in Bitcoin

In Conclusion:

Learning how to make money online is a continuous process even if you are making income already because new ways spring up everyday. You have to be up to date. Whatever direction you choose, make sure that you update yourself on a regular. There are many resources online like this page.

Secret Ways On How To Make Millions From Social Media

 Social Media is the trending thing world wide. From Nigeria to South Africa, India, United States, United Kingdom and all over the world, social media is playing a big part in the life of most people. People spend most of their days on social media. From chatting on Facebook to Tweeting on Twitter, Sharing pictures on Instagram or watching videos on YouTube, social networks have become an every day thing for billions of people.

While a lot people spend much time and energy having fun on social networks, there are other set of people who spend time making money from these social networks. In this article, we will show you how to make money on social media.

Note: If you have ever googled and looked for ways to make money on social networks, beware of websites asking you to pay money to join a program. Most of them are scams. All the ideas mentioned in this article are free. You can start trying them out today. In some cases, you may require a little knowledge. But with the internet, you can learn for free.

As at January 2019, there are about 3.48 billion social media users world wide. That means social media is like a large city. The largest city on earth. Think of it like a market or a city center, where over 3 billion people are gathered. With that huge number of people, you can make money. You can sell snacks, you can sell anything and you will find buyers. Such is the impact of large gathering of people on finance. Because of the number of people on social networks, they are like gold-mines. Let’s look at ways you can generate income from this cluster of people.

1. Become a social media marketer

This is one of the best ways to make money on social networks. Your job as a social media marketer is promoting of services, products and image of companies or individuals on different social media platforms in order to help them find leads or grow their brand.

This s a very lucrative job worldwide. You can even create a company that specialize in it. It is estimated by Payscale that people who work as social network marketers earn above $49,000 per year.

There are many companies, individuals and brands who needs help finding customers online, building their brand online and all of that. You can be their helper and smile to the bank as a result.

2.  Make money posting ads on social media

This is a very common way to make money on social networks. Anyone can make money on social networks posting ads.

Ads is simply the abbreviation for advertisements. To make money on social media posting ads is all about posting advertisements on your social network pages for money. There are many ways you can do that.

If you are a social media influencer, you will likely have brands reach-out to you to share their products or content on your platform and in exchange they pay you. You can also join platforms that find that connects you with advertisers who will pay you to post ads on your social network profiles. Such platforms include: Famebit,  Izea, Dealspotr, Ifluenz and many others.

Another way you can make money posting ads on social networks is by sharing news content with short links. If you share a lot of links, be it news, sports or whatever links you share, consider using a link shortener service to share.  Some of the shortener service will pay you for how many people that click on the link. They generate their income from showing ads with your link. Let’s say you are posting a news story on your social network profile from BBC. And you use the link shortener to shorten the link. When your followers click on the link, it will show them a little advert before redirecting them to BBC. That way you make money as people click and read. Example of link shorteners are: ADF and OUO

You can also make money by posting ads for your products and selling them. There are many customers you can reach and convert.

3. Affiliate marketing

Affiliate marketing is all about recommending products and services for commission. Depending on what you post about on your social network platforms, you can leverage and make money through affiliate marketing.

For example, if you share contents on your profile about fashion, you can sign up with a fashion company as an affiliate. You will include their link in your post. Whenever anyone clicks to buy, you get a percentage (Commission). Fashion is just an example, you can do same for phones, cars, whatever it is your profile is focused on.

If you are concerned about establishing contacts with these companies to promote their products or services, there is no need to worry. There are Affiliate marketing networks that you can join and you will have access to a lot of companies in different sectors to promote whatever you desire. Example of affiliate networks are: Commission Junction, Linkshare, Impact Radius, Amazon Affiliate, Jumia Affiliates, Konga Affiliates

You can start by writing reviews on your social network profiles about products and services and then leave a link where your followers can either buy the product or subscribe to the services.

4. Sell your product or services

If you have a skill, you can promote your own skills to your followers and you will be surprised at the number of people willing to patronize you. Do not just promote, package it well. Remember, presentation maters, how you present it to them will go a long way to determine how they react to it.

You can sell products too. If you have products you sell, leverage on your profile and drive more sales. A lady I know started selling bags on her Facebook profile where she has less than 3000 friends. In 4 days, her stock finished!

If you do not have products and do not want to stock products you can create an online shop with Shopify, copy inventories from big manufacturers and suppliers around the world into your online store. When people visit and order for products, the suppliers will send to them and you get your share!

5. Partnership program

Some of the social networks have a partnership program you can partake and make money. This works if you are a content creator. For example, if you love making videos, you can join the YouTube Partner Program and earn money doing what you love.

If you are a blogger, app developer or you make video content, you can join the Facebook Audience Network and make money with your passion.

Top Highest Paying Job That Pays Millions Per Month

There are countless rich people in the country as everyone is into one business or another, working full-time at a cool company, and several other engaging vocations. However, it is quite evident that some people are richer than others and this could be due to several reasons. Some people inherited wealth from their parent while some were fortunate enough to get high paying jobs. This article is, however, more concerned with the highest paying jobs in Nigeria currently.

So if the question on your mind is to know the highest paying jobs in Nigeria, you are in the right place as I am going to list 10 of them and why I deem them so.

Here are the highest paying jobs in Nigeria:

1. Business Persons (Entrepreneurs)

Hearing that a person is a businessman alone rings a a bell. Although there are several businesses in several sectors that one can venture into, it has been observed lately that those businessmen that are into oil and gas and exporting ventures are usually the richest. A remarkable example of a person in this category is Aliko Dangote, this man has a stake in almost all sectors of the economy in Nigeria, he is in fact, ranked the number one richest man in Africa.

2. Surgeon

This should be good news for persons in the medical line as surgeons make a hell of cash in their vocation. However, you should note that for every high paying job, there is always a tough part attached to it. In law, surgeons are charged with a very high duty of care and the ethics of the profession does not take mistake lightly as this could lead to a withdrawal of such doctor’s license to practice.

3. Engineers

When you hear that a person is an engineer, there is this feeling this person must be strong and skilled when it comes to machinery. Yes, such a person is and is also rich, especially if he or she is gainfully employed in an oil and gas industry. The kind of engineer that I am referring to here is a petrol production engineer as they get paid a lot of money for their job.

4. Commercial Farmers

Although this area of work has been termed to be an old or traditional means of employment, it is, in fact, more than that. As a matter of fact, farmers have always been known to be some of the richest persons in the world. Traditionally, farmers who deal in cocoa, livestock, rubber, cashew nuts, are usually very rich. A prominent example in this category is ex-president Olusegun Obasanjo who has a very big and successful farm at Ogun state.

5. Musicians

Almost every youth today wants to be a musician, the reason for this is not far-fetched as we have the likes of Olamide Adedeji, popularly known as “Badoo” who rose from the ghetto into the limelight filled with riches. Notable examples in this category also include Wizkid who has gained international recognition, Davido, and many more. However, for you to really make it in the music industry, you need to have talent and also something that people want to hear, and you may not like the latter condition so much if you are a conservative person.

6. Bankers

Investment Bankers make a lot of money. Such people in this category work in financial institutions to raise funds for businesses and companies. They deal especially with capital raising for both private and public corporations. However, before you really enjoy the money in this vocation, you need to have grown to a particular height, take, for example, the CEO of UBA Kennedy Uzoka, who is ranked one of the top richest men in Africa.

7. Telecommunication Engineer

Experts in this line of work are usually paid a huge sum of money as salary. These guys are in charge of maintenance and installation of hardware and software devices related to the telecommunication industry. Persons who work for the likes of Mike Adenuga – the owner of Globacom (Glo) can attest to this.

8. Pilots

Pilots are persons who fly aeroplanes. These sets of people are very highly skilled as they deal with human lives. These persons, in conjunction with aeronautic engineers, get paid a huge sum of remuneration for their job.

9. Bloggers

Blogging is a silent gold mine. With people getting most of their daily news intake from the internet, bloggers have taken over from newspapers and Television stations. A blogger does not have to pay transport to work and all the expenses. The difference between their gross income and net income is slim.  Today, we have rich successful bloggers all over the country. You will be amazed at the big houses and cars they possess. You too can become a blogger today. Read: How to create a blog in less than 20 minutes 

10. Marketing Experts and Freelancers:

The face of businesses today is gradually changing as online marketing is becming a potent method of growing one’s business rapidly. This is why the need for advertising or market strategists is growing very rapidly lately. If you think that you possess this skill but you are not good enough yet, try as much as possible to brush it up as you can make millions of naira with it. The beauty of this vocation again is that the hire rate is really high now globally and if you are lucky enough to get hired by a rich company abroad, you can easily make your money in dollars to boost up your profit rate. Freelance platforms such as Upwork and Fiverr have made this line of business easier to venture into.

Conclusion

This article is only focused on legit vocations and jobs. There you have it the top 10 highest paying jobs in Nigeria. However, whichever business or job you venture into, for you to be successful, you have to be diligent and focused as these are some of the qualities that make you stand out among your co-workers. This article has covered a range of lucrative jobs in Nigeria in 2019, feel free to pick a job that suits your fit.

Top Loan Apps That Can Lend You Millions Without Collateral

As a business person or an individual, there will be times that things might get a little bit hard and there will be a need to look for an emergency fund. It could be money to meet personal needs or business needs. In the past, it was almost impossible to access an emergency loan in Nigeria. But these days, there are many loan apps in Nigeria that you can get a quick loan from without collateral.

All you need is download and install their app on your phone. And you can get a loan. Most ften without any paperwork.

How does loan apps work?

Loan apps works in this way: You download the app from your app store. Install it on your phone. open the app, register with you correct details and any document needed. Your credit score will be calculate and you get a loan offer. Once you accept loan, it will be credited into your account. You will have to pay back your loan before or by due date.

Majority of the loan apps in Nigeria do not require collateral or guarantors. So you do not need to worry about that.

Loan apps are very useful for emergency. When you need emergency loan, all you need is open the loan app and apply for a loan. Most loan apps work 24/7.

You may need money for house rents, school feels, for travel or business. Loan apps will always be resourceful in times like that. It is very advisable to have one or two installed on your phone. Because you never know when you may need it. There are loan apps available for Android, iOS, Blackbery and Windows phone.

Advantages of using loan apps

There are many advantages while you should use loan apps instead of regular money lenders.

1. Carbon (Paylater)

Carbon formerly known as Paylater is one of the top mobile phone loan apps available in Nigeria. It is easy to use and you can get a loan quickly without much delay. You can get loan up to ₦1 million from this app

It does not require a collateral or guarantor to get a loan from Carbon. All you have to do is download the app into your phone. Register with your accurate details and then apply for loan. The app is fast, you may get a loan offer in few minutes.

They charge a flexible interest rate from 5% to 15% depending on the amount and repayment period.

You can pay back your loan easily from the app using your ATM.

For android and iOS users, you can download the carbon app from Google play store or the app store.

2. FairMoney

With the FairMoney app, you can get a loan up to ₦150, 000 with just a few clicks. It is fast, easy and secure. This app is one of the most downloaded loans app in Google Playstore.

All you have to do is download the app, install it on your phone. Then you can proceed to sign up with your Facebook account or with your phone number. Then you answer a couple of questions. After that you will be sure to get a loan offer.

Once you get an offer, accept it and the money will be credited into your bank account. It is that easy.

They have a flexible interest rate. You can pay back your loan installmentally for up to 3 months.

You can download the FairMoney app from the Google play store to access their service. This app is not available for iOS, Windows and Blackberry.

3. Palmcredit

You can get an instant loan of up to ₦100, 000 from the Plamcredit app. This app is very popular among Nigerians. It is easy to operate and use. Typically, loan application are approved in about 5 minutes.

All you have to do is download the app and install on your phone. Open the app, register and apply for loan, get approval and receive the money.

The interest rate is from 14% to 24% depending on tenor and amount. You can loan for duration ranging from 91 days to 180 days. You do not need a collateral or guarantor.

To access loan, you can download the Palmcredit app from Google playstore.

4. Branch

Branch is one the the top loan apps in Nigeria. With branch, you can get up to ₦200, 000 loan from your phone without paper work or collateral.

All you have to do is download the app, create an account. Then apply for loan and you get your loan. It is that easy.

The loan term is from  4 to 64 weeks. And the interest rate ranges from 14% – 28%.

These app has been featured in Forbes, Bloomberg and more.

You can download the Branch app from Google Play Store

5. Aella credit

Aella credit is a mobile loan app that gives loan up to ₦100, 000 without collateral and paperwork. It is highly secured and quite popular.

To get a loan, simply download and install the app. Then you register. Fill the application form. And you can receive a loan without much delay.

 

The loan tenor is 30 to 60 days. And the interest rate varies from 4% – 29%.

You can download the Aella credit mobile app from the Google playstore.

6. QuickCheck

QuickCheck is a very popular mobile loan app in Nigeria that gives up to ₦200, 000 instant loan without any hidden charges.

To access loan you need to download and install the app. Give it permission to access your phone data in order to make you an offer. Apply for loan and once approved, you get the money in your bank account.

If you forget passwords too easily, with QuickCheck, you can login with your Facebook account.

7. Sokoloan

Sokoloan is one of the new and fast rising mobile loan apps in Nigeria. With this app you can apply for loan 24/7.

All you need is to download and install the app. Accept conditions. Sign up. Provide all needed information. Then apply for loan. If approved, you get your loan.

The loan tenor is from 91 days to 180 days. They run a 0.35% of daily interest.

You can download the Sokoloan app from the Google play store.

8. Kiakia

Kiakia is a web app that gives online loan to Nigerians. You can get loans instantly by just answering few questions.

Kiakia uses a different method to give its loan. You will need to access the web app and chat with Mr.Kiaia, a chat bot. Then you get your loan!

To get a loan, you can use your Android phone, iOS, Windows and Blackberry to access the Kiakia Web app and chat with Mr. Kiakia.

How To Start Pure Water Business With Less Than 500,000

Pure water business is in vogue in Nigeria.  With the increasing population, the government inability to provide clean and affordable drinking water and potentially, the fear in the public minds concerning the sugar content in soft drinks makes pure water the only available commodity to quench thirst.

 

The vast majority of the teaming population drink pure water.  I drink it , you drink it, indeed the overwhelming majority of the people drink pure water.  This is the reason why it is one of the growing and lucrative business in Nigeria beside information technology.  The market is  available in all the cities and villages, so it does not really matter where you are, you can set up a business of pure water in any part of Nigeria and be profitable, if run properly.

To emphasize the fact that the business of pure water is profitable, notable organisations such as Nigerian Bottling Company, Nestle, May and Baker, etc. are in the drinking water business, though in the more refined drinking water (table water) .  So it makes economic sense to go into the business, with little passion and  the determination to succeed, the sky is just the limit. In this article, I will be tutoring you on how to start a pure water business in Nigeria.

Steps to start a pure water business:

1. Business plan

There is no need for elaborate feasibility study and report since the demand/market is available and on the increase. What is required is a business plan to help establish from the onset the financing of the project – the amount of money needed. Business plan becomes imperative at this stage because it determines the level of funding required and where it is coming from. The level of pure water business can range from using a two bedroom flat to blocks of flats, depending on which category you are investing in.

2. Register the business with the Corporate Affairs Commission (CAC) and NAFDAC

Every business organisation, whether a sole proprietorship of limited liability company must be registered  with CAC for accountability. In the same vein, every business in food and drugs including drinkables must be registered with the government regulator.  Every business also must register with the relevant tax authority (Federal Inland Revenue or the State Internal Revenue).  Alternatively, you can obtain a licence from another well established pure water company in a different part of the country if NAFDAC registration proves difficult, prolonged or   you want to operate in relatively low scale  and do not want to go through NAFDAC protocol.

 

3. A befitting place for business (factory site)

You must either lease a suitable accommodation, with access to the market or put up a suitable accommodation. There might be trade off between access to the market and cost of acquisition. The bottom line is profitability. However, other facilities must be in place, such as security of the factory, power, access road, etc.

4. Sink a borehole and install tanks overhead

This ensures uninterrupted water supply. The cost of sinking a borehole can range from ₦200,000 to ₦600,000.

5. Install distillation system for water purification

You may install the full scale distillation system or the ultra violet sterilization bulbs process depending on the start up capacity of the enterprise. The cost of acquisition of distillation equipments may run into millions of naira. The actual cost cannot be estimated with certainty and must be researched upon as it is going to be part of the expenditure included in the business plan.

6. Get a sealing machine

Automatic sealing machine must be in place according to the scale of daily production envisaged. The cost also must be verified before embarking on the project.

7. Get packaging materials

Rolls of suitable nylon materials which must be printed the company’s name and the brand name of the pure water must be procured. The number of rolls procured should be according to the capacity of the enterprise.

8. Recruitment

Recruit staff, ranging from operators of the machines, packagers, a cleaner, driver, one sales staff, one security personnel and a supervisor. This will ensure the specific positions are properly manned.

9. Electricity

Generator set must also be installed to power the operations. There are different capacities of generators and also different manufacturers and it all depends on the capacity of the enterprise as well as the start up capital.

10. Acquire a truck for distribution

The truck must be able to carry reasonable bags of pure water for distribution to great number of customers for it to be profitable.

11. Reach out

Make contacts immediately with retailers who are going to sell the water.  Always establish their credit worthiness before granting credit, otherwise they can send you out of the business.

Conclusion

Starting a pure water business in Nigeria is very lucrative and will require passion, hard-work and a reasonable amount of money.

To start a pure water business in Nigeria, a start up capital of about three million naria is needed and you are good to go.

This is only a guide, the size of the organisation determines the scale of operations, the investment in cash, human capital and machines.

Top 10 Small Business Ideas That Make The Most Millions In Nigeria

The truth is, some of these small business ideas are neither ingenious or new. But by having street smarts, the right team, risk tolerance, passion and perseverance, they can become multi-million naira (or dollar) enterprises.

Here are 10 small business ideas that will have you raking in millions in no time.

1. Agribusiness

With a population of over 170 million people, the Nigerian agribusiness sector is one of the largest in Africa. A population explosion in the next few years has been predicted, making the agribusiness industry a more lucrative business option to consider.

Already, many sub-sectors of the industry like poultry farming, fish farming, farming, cassava farming, palm oil farming are already churning in millions for successful farmers in their fields. There are thousands of small business ideas in agriculture to venture into.

What you need: An extensive market research and a high yield agribusiness idea to focus on.

2. Web Design Agencies

These days, nearly all businesses are jumping on the online scene. This means one thing – they all need websites and that is where you can come in. This gap in the web design space poses an opportunity for several web design agencies or aspiring entrepreneurs looking to go into web development.

As a web designer in Nigeria, you can promote your agency through SME events, blogging, social networks like LinkedIn, and several other channels. Helping the millions of small businesses springing up to create great web designs and set up blogs on WordPress or Blogger can be real money-spinners.

What you need: A computer, good web design skills, a portfolio, and various channels to reach potential clients.

3.  Education

Nigerians (especially those who can afford it) take education seriously.  The typical sequence is Daycare Centres, Nursery schools, primary schools, secondary schools, and universities. This is definitely one good investment potential for any entrepreneur.

What more, you can decide to invest in the non-traditional education sector like special education, adult education, educational websites, educational technology, and even educational resources. There is a very wide scope to cover in this industry to keep the bucks coming in.

What you need: Pick an education niche and get trained for it. Start investing.

4. Retail Stores

With basic needs of clothing, groceries, medication, and a lot more, being a part of the average person’s daily life, the retail store industry in Nigeria deserves a second look in terms of investments. It doesn’t have to be large, even with a small retail store, you can still generate substantial revenues.

For a start, you set-up a small store that focuses on groceries, fashion items, or one of the other diverse categories. Starting a retail store carries it’s own cost implications but it is very lucrative all the same. Ask SPAR, Shoprite, Health Plus, and the likes.

What you need: Understand the market, know what sells, and position yourself to claim a bulk of the customers.

5. Digital Advertising Agency

With hundreds of small businesses cropping up in every sector, staying afloat can be a huge task. This is where advertising agencies come in. As an advertising agency like Anakle or Wild Fusion, you can help businesses grow their customer base by creating compelling online and offline campaigns.

Companies are usually eager to pay lots of money to grow their brands faster. So, if you’re an experienced copywriter, partnering with a few other copywriters and a really good artist could get your creative agency running in a short time.

What you need: Learn how to build apps or games and have good knowledge of how to organize quality/creative campaigns that would go viral.

6. Mobile App Development Agencies

While not all Nigerian companies use custom-built mobile applications to engage with their customers, thousands are constantly looking for skilled mobile app developers to bring their ideas to life. This need for mobile application development in Nigeria is now high, making it really lucrative.

An average mobile app in Nigeria could cost between N300,000 to N3,000,000. Handling multiple projects at the same time could mean raking in millions.

What you need: Being tech-savvy, mobile application development skill and multi-tasking skills.

7. Mobile Phones

Retail or online mobile phones store owners millions from just selling mobile phones to the ever-growing Nigerian market. Companies like SLOT have the goodwill, the largest customer base and the money from just selling phones.

With a popular and lucrative small business like this, you can try out various marketing strategies like offering mobile phone deals to entice many more individuals to patronize your smartphone business.

What you need: Start by selling cheap mobile phones.

8. Real Estate

With several real estate companies in Nigeria now focusing on either residential or commercial real estate, the opportunities in the industry are simply growing. In Nigeria, real estate businesses are typically done through offline sales channels, but you can set up an online channel and offer thousands of properties for sale.  Examples of some successful online real estate companies in Nigeria are ToLet, Private Property, and Lamudi. What more, you could act as a real estate agent and get a commission on every sale you bring to a real estate company.

What more, you could act as a real estate agent and get a commission on every sale you bring to a real estate company.

What you need: Customers service skills, sales skills, and keeping up with daily real estate news.

9. Startup Loan service

If you have a little extra cash to spare, you could start up a loan service for small business owners who hit gridlocks while trying to secure loans from banks and other financial institutions. Due to the heavy load requirements set by these financial institutions, many startups are hardly eligible for loans.

As a startup loan service company, you can provide short-term loans with far lesser restrictions to budding businesses.

What you need: Some extra cash, risk tolerance, and a lawyer.

10. The Stock Market

Of course, there is the inherent risk of heavy losses, but the stock market is fairly lucrative if you make good stock bets. Before deciding on what stocks to buy, study the company’s short and long-term progression, talk to your stockbroker, a financial expert, or even a friend that’s been trading successfully in the stock market for a long time.

With the right predictions, investing in stocks can make you a millionaire.

What you need: An understanding of the Nigerian stock market trends and an experienced stockbroker.

You must be raring to go start one or two of these businesses! Share your thoughts in the comments section.